Over the weekend, several popular memecoins were added to various Chainlink services, allowing them to be offered on other networks or as streaming services.
In recent days, Shiba Inu (SHIB) and its ecosystem tokens, Turbo (TURBO) and Apu (APU), adopted the Chainlink Cross-Chain Token (CCT) standard to make it available on 12 blockchains, making them accessible on other networks. . than where they were originally issued.
On Sunday, Simon’s Cat (CAT), Coq Inu (COQ), Goat (GOAT), Hamster Kombat’s HMSTR, and mog coin (MOG) tokens joined a list of assets on Chainlink’s decentralized data streams.
These flows use an oracle model where market data is continuously available off-chain. Such data can be accessed and then cryptographically verified on-chain when necessary.
CCTs are cross-chain assets offered and protected by Chainlink security. A lock and mint mechanism allows transfers of Ethereum tokens to other chains, while the burn and mint mechanism facilitates cross-chain transfers on all other networks.
Offering on multiple networks increases the visibility and distribution of a token, helping to drive investment and usage among network users.
Chainlink’s LINK tokens rose on Monday, outpacing a 2% drop in bitcoin (BTC) over the past 24 hours.
